Salary of any posts is a force that attracts the attention of candidates to take up jobs in the Banking sector, just like in other sectors. Similarly, IBPS SO Salary is one of the major factors that attract candidates to go for the IBPS SO Exam. Therefore, a candidate should possess complete knowledge about the salary structure of IBPS SOas per the 7th Pay Commission, as this will help you to know what you will receive after getting selected as an SO.
In this article, we will shed light on the IBPS SO Salary package of all the posts!
IBPS SO Salary is a sum total of different components. Given below is the details of the components that make up the IBPS SO Salary:
Particulars | IBPS SO Salary Components |
Basic Salary | 23700-980(7)-35560-1145(2)-32850-1310(7)-42020. |
Dearness Allowance | 36% of basic salary (approx. ₹ 8605). Dearness Allowance is the cost of living. |
House Rent Allowance | HRA varies from 7% – 9% which is paid by the bank to the employees for expenses in accommodation in any city. |
Special Allowance | It is given as per your performance. It is a bonus amount which varies as per your performance. |
City Compensatory Allowance | It lies between 0%-4% given by the bank to employees to help in living in the high-end lifestyles of a metropolitan city. |
Lease Allowance | This can be availed up to ₹ 29500 by the employees as per their location of work. It is lease accommodation which when availed by the employee devoids him of Naval HRA. |
Components | Percentage Distribution |
House Rent Allowance | 7%-9% (Location dependent) |
Dearness Allowance | ₹ 8605.88 |
Special Allowance | 7.75% (Scale I) |
City Compensatory Allowance | 0-4% (Depends on location) |
Miscellaneous | ₹ 4100 |
IBPS SO In-hand salary is the total amount the employee receives after deduction due to various factors. ₹ 38000 – ₹ 39000 is the nearly gross salary of an IBPS SO. After many deductions, the employee receives a total of ₹ 33000 – ₹ 35000 which is the in-hand salary.
Every IBPS SO profile demands different responsibilities. Here is what all the profiles of the IBPS SO asks for:
1. Agriculture Field Officer (Sign up & Get a FREE Mains Mock Test)
3. Rajbhasha Adhikari
4. Law Officer
5. HR/Personnel Officer
6. Marketing Officer (Sign up & Get a FREE Mains Mock Test)
Every candidate looks for growth in their career. IBPS SO provides ample opportunities for career growth to every employee. The following will tell the career growth opportunities in the hierarchy in detail:
For various posts, the salary is different for different scales. The details are given below:
Grade | IBPS SO Salary |
Officer Scale I | Salary per month– ₹ 36400/- Pay Scale– ₹ 23700-980/7-30560-1145/2-32850-1310/7-42020 |
Officer Scale-II | Salary per month – ₹ 48800/- Pay Scale- ₹ 31705-1145/1-32850-1310/10-45950 |
Officer Scale III | Salary per month – ₹ 64600/- Pay Scale- ₹ 42020-1310/5-48570-1460/2-51490 |
With the above-mentioned information, you now know that IBPS offers a good salary package to SOs employees, along with many perks like medical allowance, house and furniture allowance, entertainment allowance, newspaper allowance. This will help you in making an informed decision while selecting this job as a career option.
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